The cryptocurrency market is considered to be a great opportunity for investors, but only a few lucky traders actually make millions. One of them managed to earn a whopping $4.4 million in less than a month by trading a meme coin.
Specifically, he made a profit of $4.36 million trading the Popcat token (POPCAT), spending $4.13 million in USD to buy 6.11 million POPCAT at $0.68 three and a half weeks ago. This transaction was tracked by specialists from the Lookonchain blockchain analytics platform on October 6.
Since then, the Solana-based memecoin has seen a significant increase in value, recently surpassing $1.40, setting a new all-time high (ATH). This now puts the investor's POPCAT portfolio at around $8.49 million.
POPCAT Price Dynamics. Source: Lookonchain
This is not the trader's first successful deal using POPCAT: from April 21-26, he made $1.47 million by spending $1.84 million in USDC to buy 6.05 million POPCAT and selling them for $3.31 million in USDC on September 5.
Crypto trader's initial purchases of POPCAT token. Source: Lookonchain
POPCAT is currently trading at $1.45, up 17.51% in the last 24 hours, with a more impressive 54.26% gain over the previous seven days. Monthly performance is up 185.52%.
POPCAT 7-day price chart. Source: CoinGecko
Sure, the crypto trader succeeded in making significant profits from his trades, but users should not copy his experience due to the extreme volatility of the crypto market and the high volatility of meme tokens#ЛюбимыйТокен